Author: NBTC

German security technology group Giesecke+Devrient (G+D) is partnering with the Central Bank of Mauritania to explore the design and development of a central bank digital currency (CBDC) dubbed ‘digital Ouguiya.’ The partners signed a deal during the World Bank Group’s Spring Meetings held this month in Washington. Wolfram Seidemann, CEO of G+D Currency Technology, and Mohamed Lemine Ould Dhehby, governor of the Banque Centrale de Mauritanie inked a deal to work together in investigating the creation of a CBDC. The collaboration focuses mainly on the potential advantages of a digital Mauritanian Ouguiya for the nation’s economy and society. The governor…

The cross-chain protocol Wormhole is gearing up to unveil its governance token, W, with an airdrop slated for April 3. This initiative marks a significant milestone, distributing a staggering 617.3 million W tokens to over 400,000 wallets. It aims to reward early adopters and contributors across Solana, Ethereum, and various other chains. Wormhole’s 617.3 Million Token Airdrop Dubbed “Wormhole Wednesday,” the launch is set for 11:30 UTC on April 3. This token airdrop aims to bolster the Wormhole ecosystem, further enhancing its commitment to facilitating seamless inter-chain transactions. “The launch of W is structured to significantly decentralize protocol stakeholders right…

Oasis Protocol, an open-source decentralized blockchain, has recently made a landmark development. The company has disclosed that Synternet, a prominent blockchain that drives interoperable infrastructure across top chains, is welcoming Oasis as a data publisher. The platform took to its account on X to reveal the latest achievement. We are excited to share that @synternet_com now includes Oasis as a data publisher, offering Sapphire & Emerald data streams via the Data Layer Portal!This enables developers to rapidly integrate real-time, confidential data into apps across finance, healthcare, and more 👏: https://t.co/tAk8HaWIcw — Oasis (@OasisProtocol) April 26, 2024 Synternet Includes Oasis Protocol…

Bitcoin has shattered previous records by reaching a new all-time high of $71,092 on the Bitstamp exchange. This milestone comes as the cryptocurrency market continues to gain mainstream acceptance and attract significant investment from both retail and institutional investors following the approval of a slew of spot Bitcoin ETFs. Before reaching its new peak, Bitcoin recorded its highest weekly candle close ever at $69,062 on Bitstamp. In the meantime, the price of Ethereum, the second-largest cryptocurrency recently surged above the $4,000 level. More than $300 million worth of liquidations The recent price volatility has also led to significant market liquidations,…

Tokyo-based financial services company Monex Group has completed its acquisition of a majority stake in 3iQ Digital Holdings, a Canadian crypto asset manager. The acquisition, initially announced in December 2023, has resulted in 3iQ and its subsidiaries becoming part of the Monex Group. To support 3iQ’s rapid business expansion, Monex Group has also invested $7.5 million in 3iQ’s Managed Account Platform (QMAP). QMAP offers institutional investors access to a diverse range of crypto hedge funds, featuring alpha-oriented strategies tailored to meet the complex demands of global institutions. This investment significantly strengthens 3iQ’s institutional digital asset management position. The company was…

On Mar. 11, Bitcoin touched a new record at $71,500 high, fueled by investors pouring more liquidity into the market. The price of Bitcoin (BTC) quickly surged to a new all-time high at $71,569 (on BitMEX), breaking the record it set just a few days ago. As a result, Bitcoin‘s market capitalization has neared $1.4 trillion, as per data from CoinMarketCap. Bitcoin prices on Korean exchanges | Source: Coinranking Additionally, data from Coinranking revealed a substantial increase in Bitcoin prices on South Korean crypto exchanges, exceeding the $75,000 mark mainly due to the Kimchi premium, which denotes the spread in…

Deutsche Bundesbank president Joachim Nagel reaffirmed Eurosystem’s inability to identify individuals through CBDC payments, highlighting minimal data visibility. The Eurosystem wouldn’t be able to identify people based on their payments with central bank digital currencies (CBDCs), as it would see “only a minimal set of data necessary to fulfill Eurosystem tasks, such as settlement,” Deutsche Bundesbank president Joachim Nagel said during his speech at the DZ Bank Capital Markets Conference 2024. Addressing privacy concerns, Nagel noted that financial institutions and other payment service providers processing digital euro payments “would not be allowed to use personal and transaction-related data for commercial…

Celestia is making strides to the Arbitrum ecosystem. Celestia has introduced Blobstream. Now Blostream is set to change customizable chains, known as Orbit chains. These chains can be either Layer 2, settling directly to Ethereum, or Layer 3, settling to Arbitrum’s Layer 2, Arbitrum One. Simplified Data Availability Now what Blobstream does is uses Celestia’s technology and makes data easily available. A method is used in this process that is called data availability sampling or (DAS). It makes sure everyone in the network can access transaction and state change data easily. With Blobstream, Orbit Chains can now send data to…

Bitcoin news: MicroStrategy’s wallet has reached 13.7 billion dollars, with unrealized profits of 7.6 billion dollars on its BTC purchases. This represents a total gain of almost 125%, more than double. Bitcoin news: MicroStrategy’s wallet realizes almost +125% in gains Bitcoin surpasses $70,000 and sets a new all-time high Bitcoin news: MicroStrategy’s accumulation strategy and the gain of its wallet Bitcoin news: MicroStrategy’s wallet realizes almost +125% in gains Riding the wave of Bitcoin which has just surpassed $70,000, there are the big holders who are reaching their historical maximum earnings. MicroStrategy, the Business Intelligence company of bitcoiner Michael Saylor,…

President Biden has formally suggested the highest top capital gains tax rate in over a century. According to the proposal, the top marginal rate on long-term capital gains and qualified dividends would rise to 44.6%. This could significantly impact the financial returns of investors in stocks and crypto. In many states, the combined federal-state capital gains tax under Biden’s plan would exceed 50%. Additionally, the capital gains tax is not adjusted for inflation, which adds another layer of complexity to the proposed tax increase. Capital gains taxes often result in double taxation, mainly from investments in stocks, stock mutual funds,…